Jupiter Topco LLC Makes New Investment in Textron Inc. $TXT

Jupiter Topco LLC purchased a new position in shares of Textron Inc. (NYSE:TXT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,020 shares of the aerospace company’s stock, valued at approximately $1,194,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Textron by 13.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after purchasing an additional 1,709 shares in the last quarter. Empowered Funds LLC increased its position in shares of Textron by 6.3% in the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after acquiring an additional 1,265 shares during the period. Focus Partners Wealth raised its stake in Textron by 18.0% in the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 735 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Textron during the 2nd quarter worth about $453,000. Finally, Baird Financial Group Inc. grew its stake in Textron by 15.3% during the 2nd quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock valued at $1,539,000 after purchasing an additional 2,548 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors.

Textron Price Performance

Textron stock opened at $78.92 on Friday. The stock has a market capitalization of $13.57 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.15 and a beta of 0.90. The company’s fifty day moving average price is $87.89 and its 200 day moving average price is $90.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. Textron Inc. has a 1 year low of $78.12 and a 1 year high of $101.57.

Textron (NYSE:TXT) last posted its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts anticipate that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.51%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TXT. Morgan Stanley set a $98.00 price objective on Textron in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Wall Street Zen lowered shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group restated a “neutral” rating and set a $95.00 price objective on shares of Textron in a research note on Wednesday, July 29th. Finally, TD Cowen dropped their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

About Textron

Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.